Securities operations for digital assets constitute the “greatest operational challenge” for nearly 40 percent of those surveyed by provider AutoRek for the new report, “The Infrastructure Gap: Capital Markets Operations 2026.” The cutting-edge asset class is causing survey participants to adjust to new settlement and custody models, and a “significantly higher reconciliation complexity” that strains… Read More >>
Bitnomial Acquired by Kraken’s Parent Company Payward
Payward, the parent company of cryptocurrency exchange Kraken, is acquiring Bitnomial, a derivatives company for digital assets, “for up to $550 million payable in cash and stock, in a transaction that values Payward’s equity at $20 billion,” officials say. As a result of the acquisition, Payward will get access to “a set of U.S. derivatives… Read More >>
Broadridge Builds Bridges to Digital Asset Operations
Broadridge Financial Solutions reports that it is responding in multiple ways to clients who say that digital assets and tokenization are becoming central to their investors’ portfolios. As a provider of multiple services, systems, and applications for securities operations, Broadridge reports that it has extended its governance platform, reached out to Canadian wealth managers, and… Read More >>
Is Tokenization an Operational Overhaul?
Does tokenized finance represent an institutional and operational overhaul even though the securities industry has been focused on the wonders of distributed ledger technology (DLT), a.k.a. blockchains, that undergirds tokenization? Tobias Adrian, the financial counsellor and director of the monetary and capital markets department of the International Monetary Fund (IMF), makes the case that the… Read More >>
NYSE & Securitize to Focus on Tokenized Securities Markets
The New York Stock Exchange (NYSE) and a firm that specializes in tokenization, Securitize, have begun a collaboration to develop tokenized securities markets, an effort that was formalized via a memorandum of understanding (MOU), officials say. The agreement will facilitate Securitize being named as “the first digital transfer agent eligible to mint blockchain-native securities for… Read More >>
Nasdaq & Talos to Take On Tokenized Collateral
Nasdaq and Talos have formed a partnership to connect the digital asset infrastructure of Talos with Nasdaq’s Calypso and Trade Surveillance platforms in an effort to develop “an integrated solution for managing tokenized collateral,” officials say. “The partnership addresses … the challenge of integrating digital assets into existing risk management and collateral workflows,” officials say…. Read More >>
LMAX Launches Conversion Facility for FX & Digital Assets
A cross-asset marketplace, LMAX Group has launched an infrastructure layer, the Omnia Exchange, that will help end-users to convert FX and digital assets in real time via an application programming interface (API), intended to unify wholesale liquidity and pricing, officials say. Omnia combines blockchain order/entry with the execution of a centralized exchange, officials add. “Omnia… Read More >>
LMAX Group & Ripple Push for Stablecoin Adoption
LMAX Group, a cross-asset marketplace for FX and digital assets, and Ripple, a financial technology company offering crypto solutions for businesses, have launched a partnership to “accelerate the fusion of traditional and digital capital markets,” officials say. As part of this multi-year collaboration, LMAX will integrate Ripple’s stablecoin RLUSD, which is pegged to the U.S…. Read More >>
Caroline Pham’s Legacy at the CFTC
Caroline D. Pham, the acting chairman for the Commodity Futures Trading Commission (CFTC) for most of 2025, stepped down from her post last month to make way for Michael Selig, who became the 16th chairman of the CFTC on Monday, Dec. 22, 2025. While Selig brings with him a rather full agenda focused on digital… Read More >>
CFTC Names Members of the ‘CEO Innovation Council’
Whether or not you agree with her policies and opinions, there is no question that Caroline D. Pham, the acting chairman for the Commodity Futures Trading Commission (CFTC), does not waste time. On November 25, Pham announced the creation of the CFTC CEO Innovation Council, and roughly two weeks later, on December 10, named the… Read More >>
